See also:
Broeckhouse
Money

Interchange

Interchange is a fee retained by the card issuer for every card transaction.

Interchange fees are set by the payment networks.

Interchange can depend on the region, card type, and so on. Transactions processed domestically incur lower fees.

Interchange is becoming increasingly regulated, e.g. through the introduction of fee caps.

Anton Vasetenkov
Web, data, bio, language.
See also